Economic Recovery Losing Momentum

The online edition of the Wall Street Journal reports that the unemployment rate held steady at 9.5%, "a further sign the economic recovery may be losing momentum."



They report:

Nonfarm payrolls fell by 131,000 last month as the rise in private-sector employment was not enough to make up for the government jobs lost, the U.S. Labor Department said Friday. Only 71,000 private-sector jobs were added last month while 143,000 temporary workers on the 2010 census were let go.

After the worst recession in decades, the recovery that began in July 2009 has recently been losing momentum, but it's hard to say if it's just a temporary slowdown or if the economy could start to contract again.

To read the full article, go here.

This is happening as First Lady Michelle Obama vacations in Spain on the backs of the taxpayers. She's is beginning to be called Marie Antoinette.

If you think this is bad, just wait for what happens in January when taxes are hiked!

How's that hope and change working out for you?

WSJ/NBC News Poll Points To Disaster For Democrats

Confidence in President Obama and outlook for the United States is waning, according to the latest Wall Street Journal/NBC News Poll. (Click here for the full poll results.)

62% of adults feel that the country is on the wrong track, which is the highest number since 2008. Also, more people disapprove of the job Obama is doing than approve.

57% now favor replacing their elected representative in congress, which is a bad omen for incumbents, particularly Democrats. This is the highest number in 18 years.

According to the Wall Street Journal:

For Democrats, the results underscore the potential for major losses in November. Both parties have been forced to contend with an anti-establishment wave this year. But Republicans, through strong fund raising and candidate recruitment, have put enough seats in play in the House and Senate to give the GOP a realistic shot at winning control of both chambers.

Even confidence in the job President Obama is doing by Democrats is in decline. 17% of Democrats now disapprove of Mr. Obama's job performance. This is the highest of his presidency.

This is good news for Republican candidates such as Mark Reed, who is running against a Democrat incumbent in a usually solid Democratic district in the San Fernando Valley. Reed emailed me tonight, "Without the Democrat and Decline to State [vote], we came within 5,700 votes [during the primary election] of the incumbent. We can and we will restore America for the people."

Unless something earth-shaking occurs, the Democrats will be facing disaster in the November elections.

Stop The Democrats' Healthcare Scheme

Stop The Democrats' Healthcare Scheme

Source: Wall Street Journal Online

The Obama Administration and the radical leftist Democrats in congress are hell-bent to pass a healthcare "reform" bill that is not reform, but a major tax hike and it will destroy the best healthcare system in the world.

The Wall Street Journal wrote:

But the most remarkable quality of this health-care exercise is its reckless disregard for economic and fiscal reality. With the economy still far from a healthy recovery, and the federal fisc already nearly $2 trillion in deficit, Democrats want to ram through one of the greatest raids on private income and business in American history. The world is looking on, agog, and wondering why the United States seems intent on jumping off this cliff.

On funding this idiotic scheme, the WSJ also wrote:

A new payroll tax. Unemployment is at 9.5% and rising, but Democrats will nonetheless impose a new eight percentage point payroll tax on employers who don't provide health insurance for employees. This is on top of the current 15% payroll tax, and in addition to a new 2.5-percentage point tax on individuals who don't buy health insurance. This means that any employer with more than $400,000 in payroll would have to pay at least 25% above the salary to hire someone. Result: Many fewer new jobs, with a higher structural jobless rate, much as Europe has experienced as its welfare states have expanded.

Other new taxes, including an as yet undetermined levy on private health plans. This tax, which Democrats say could raise $100 billion or so, would make it even harder for private plans to compete with the government plan, which would already benefit from government subsidies and lower capital costs. For good measure, the House bill also gets the ball rolling on tax increases on foreign-source corporate income.

The WSJ published this table on what the tax rates would be if this healthcare bill is passed (along with tax hikes some states, like California, have already imposed) and compares them to other countries and some states:



To read the full article, go here.

This legislation will kill jobs, ration healthcare, take medical decisions away from doctors and put it into the hands of Washington bureaucrats, add more tax burdens on taxpayers and it will kill small business. Do you want the same people who caused the mortgage meltdown to handle your healthcare?

Now is the time to contact your member of congress and tell them to vote against this legislation. Nancy Pelosi is trying to ram this through within the next two weeks.

It needs to be stopped and it needs to be stopped now!